Retirement
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As part of a cost-savings plan designed to halt the closings of rural postal facilities, the U.S. Postal Service said it would offer $20,000 buyout incentive payments to 21,000 full-time postmasters.
May 09, 2012 -
What if we elected a Congress that fought all the time, couldn't agree on anything and where Democrats could hardly stand to be in the same building as Republicans, and vice versa? Well, fortunately, for federal workers we may have done that, and it could save you from taking a major pay cut over the next five years, Senior Correspondent Mike Causey says.
May 09, 2012 -
The number of federal workers who retired last year was up big-time. Many experts thought the long-awaited retirement tsunami was upon us, Senior Correspondent Mike Causey says. Until last month when it slowed dramatically. So what does that mean for you?
May 08, 2012 -
A plan to avoid automatic cuts to discretionary federal spending, including the Defense Department's, advanced in the House, passing the budget committee and heading to the House floor for a vote later this week. Among the $300 billion in alternative cuts approved by the committee, in a 21-9 party-line vote, is a provision requiring federal employees to pay more for their retirement benefits.
May 07, 2012 -
The Thrift Savings Plan's Roth option rolls out today. The Federal Retirement Thrift Investment Board has been preparing for the new program for two years now, but despite the big push today many federal employees will actually have to wait to enroll in the new program. One of the largest federal payroll processors needs more time to upgrade its systems in preparation for the Roth option. Find information about which agencies are affected, as well as the five things feds should know about the Roth TSP below.
May 04, 2012 -
6,600 federal employees filed retirement claims in April — 1,400 less than what was projected for the month by the Office of Personnel Management.
May 03, 2012 -
Federal News Radio's Julia Ziegler and Jolie Lee and Sean Reilly of the Federal Times will discuss a wide range of issues affecting workers in the federal government. May 2, 2012
May 02, 2012 -
Thrift Savings Plan figures, which had been in an upward climb, appear to have stalled in April, with seven of the 10 funds finishing in the red last month
May 02, 2012 -
Would changing federal retirement rules trigger a mad rush to retirement? Or would it turn the government into an institution run by tired, over- the-hill zombies, Senior Correspondent Mike Causey wonders ... kind of like Congress.
May 02, 2012 -
Of the more than 8,200 respondents, 86 percent were satisfied with TSP, according to the survey by the Federal Retirement Thrift Investment Board.
May 01, 2012 -
After years of false alarms about benefit cuts and a brain drain, things are starting to happen, Senior Correspondent Mike Causey says. The federal retirement program may be the next casualty.
May 01, 2012 -
Registered employee benefit consultant Ed Zurndorfer joined The Federal Drive with Tom Temin and Emily Kopp to explain this provision, and other proposals that Congress is considering that impact your wallet.
April 27, 2012 -
The deadline to apply is Monday for airmen eligible for the Temporary Early Retirement Authority.
April 27, 2012 -
For years, federal and postal workers have benefited from congressional gridlock. Efforts to cut benefits, or force people to pay more for them, were often blocked by partisan wrangling. But where your pension is concerned, the good old days may be over, Senior Correspondent Mike Causey says.
April 27, 2012 -
The House Oversight and Government Reform Committee is marking up legislation today that would increase federal employees' contributions to their pension by 5 percent over five years.
April 26, 2012